Victory Capital Management Inc. increased its position in PVH Corp. (NYSE:PVH) by 16.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,443 shares of the textile maker’s stock after purchasing an additional 4,839 shares during the quarter. Victory Capital Management Inc.’s holdings in PVH Corp. were worth $3,944,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PVH. Retirement Systems of Alabama lifted its position in PVH Corp. by 2.0% in the first quarter. Retirement Systems of Alabama now owns 38,315 shares of the textile maker’s stock worth $3,964,000 after purchasing an additional 744 shares during the period. Janney Montgomery Scott LLC lifted its position in PVH Corp. by 27.0% in the first quarter. Janney Montgomery Scott LLC now owns 6,406 shares of the textile maker’s stock worth $663,000 after purchasing an additional 1,361 shares during the period. Strs Ohio lifted its position in PVH Corp. by 9.5% in the first quarter. Strs Ohio now owns 23,622 shares of the textile maker’s stock worth $2,444,000 after purchasing an additional 2,046 shares during the period. BB&T Corp lifted its position in PVH Corp. by 55.1% in the first quarter. BB&T Corp now owns 3,642 shares of the textile maker’s stock worth $376,000 after purchasing an additional 1,294 shares during the period. Finally, Wells Fargo & Company MN lifted its position in PVH Corp. by 38.3% in the first quarter. Wells Fargo & Company MN now owns 428,883 shares of the textile maker’s stock worth $44,376,000 after purchasing an additional 118,762 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Dana Perlman sold 769 shares of the company’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $114.77, for a total transaction of $88,258.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Fischer sold 1,500 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $109.75, for a total value of $164,625.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,950 shares of company stock valued at $10,601,025. 1.30% of the stock is owned by corporate insiders.

Several research analysts recently commented on PVH shares. Credit Suisse Group set a $149.00 target price on PVH Corp. and gave the stock a “buy” rating in a research report on Thursday, August 24th. Bank of America Corporation assumed coverage on PVH Corp. in a research report on Thursday, August 3rd. They issued a “buy” rating and a $146.00 target price for the company. Zacks Investment Research cut PVH Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Citigroup Inc. lifted their price objective on PVH Corp. from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. Finally, Wells Fargo & Company lifted their price objective on PVH Corp. from $126.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. PVH Corp. has an average rating of “Buy” and a consensus target price of $137.00.

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PVH Corp. (NYSE PVH) opened at 128.69 on Friday. The company has a 50 day moving average price of $122.63 and a 200-day moving average price of $107.26. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $130.75. The company has a market capitalization of $10.01 billion, a PE ratio of 24.54 and a beta of 0.46.

PVH Corp. (NYSE:PVH) last announced its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the company earned $1.47 EPS. PVH Corp.’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts anticipate that PVH Corp. will post $7.71 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 24th will be given a dividend of $0.038 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. PVH Corp.’s dividend payout ratio is currently 2.87%.

PVH Corp. Company Profile

PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.

Institutional Ownership by Quarter for PVH Corp. (NYSE:PVH)

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